Stock News: Stock Markets open in the green amid positive global cues

sensex nifty high Indian equity markets opened in the green on Thursday following positive cues from global markets. At 10.30 am, the BSE Sensex is trading higher by 120 points at 33,339 levels while the NSE Nifty is trading higher by 44 points at 10,347 levels. The surge is led by strong buying in industrial heavy-weights such as, Tata Motors, RIL, ICICI Bank, and SBI Bank. Markets are likely to take further strides from the GST Council meet on Nov 9 & 10 in Assam.

Stock Movements in the early hours today:- Shares of Tata Motors Limited rose 2.2% to Rs. 448.50 ahead of Q2 earnings due later today. The company is expected to post a net profit of Rs. 1,835.10 crore.

Shares of Bombay Dyeing & Manufacturing Co. Ltd rose 5% to Rs. 204.65 after the company reported a profit of Rs. 52.79 crore in Sept quarter against a loss of Rs. 36.56 crore a year ago.

Shares of Petronet LNG Ltd rose 4% to Rs. 270.50 after the company posted a 28% rise in its net profit to Rs. 588.78 crore in Sept quarter from Rs. 459.56 cr a year ago.

Quarterly Results: Aurobindo Pharma, Amara Raja Batteries, HPCL Ltd, The India Cements Ltd, Tata Motors Ltd and SRF Ltd are some of the companies, among others, that will announce their Q2 earnings on Thursday.

Buzzing Stocks: Anil Ambani-led Reliance Infra has bagged Rs. 1000 cr EPC contract from NIPC for two Kudankulam units in Tamil Nadu.

Arvind Limited, the textile manufacturing company, will demerge and publicly list its branded apparel and engineering Biz to focus better on its core textiles business.

Sensex Nifty Gain, Index trend and Stock in Action on Wednesday

Sensex Nifty up Sensex and Nifty take cues from the positive US markets to trade on a positive note with BSE Sensex trading at 33,402 levels, up by 32 points, while NSE Nifty is trading at 10,357 levels, up by 7 points at 10.40 am on Wednesday. Pharma Sector gains strong footing with positive Q2 earnings from many companies. IT stocks trading higher with TCS, Wipro Ltd, Infosys Ltd, Tech Mahindra and HCL Technologies in the morning hours.

Quarterly Results:- Voltas Ltd, Ashok Leyland, Arvind Ltd, United Bank Limited, OBC, Bharat Forge, Petronet LNG, Balkrishna Industries, Gujarat Narmada Valley Fertilizers & Chemicals, IRB Infra, NDTV, Muthoot Finance and Thermax are scheduled to release their quarterly earnings for the Sept quarter on Wednesday.

Stock in Actions:- AkzoNobel India has said it will sell its specialty chemicals biz as a going concern to an affiliate of the AkzoNobel Group-NV Netharlands for Rs 320 crore. 

Larsen & Toubro (L&T): Schneider Electric SE, the French industrial multinational together with its consortium partner Temasek, has in business with L&T to acquire its electric and automation division for Rs 15,000-Rs 17,000 cr.

Glaxo Smith Kline has reported 4.73% rise in net profit at Rs.192.41 cr for the Q2 ended Sept 30, 2017-18. The company had posted net profit of Rs .183.72 cr in the same period of previous year.
Reliance Communications is re-negotiating its deal with Canadian investment fund Brookfield along with other prospective buyers for a stake in its tower unit.

Telecom stocks will be in focus as the TRAI is considering removal of the 50% limit on spectrum holdings within a particular band. This would help Vodafone and Idea retain all their airwaves once the merger is completed.

06 Nov Monday Top Stock in News, Sensex Nifty Intraday low in morning trade

Sensex Nifty down Sensex, Nifty hit fresh intraday low in morning trade on Monday. The Sensex is trading at 33,681 down by 4.56 points whereas Nifty edged down 9,45 points at 10,423 at 10.40 am today.

Stock News: The shares of Reliance Nippon AMC will be listed on the NSE today. The offer had opened for subscription from Oct 25 to 27 in a price band of Rs 247-Rs 252.

Union Bank has reported loss of Rs 1530.72 cr for the Q2FY18, due to its rise in bad loans. It had earlier posted a profit of Rs. 176.67 cr in the July – September of previous fiscal.

Stocks of PNB in under watch as CLSA has maintained `buy’ rating on PNB and raised the target price to Rs 250 from Rs 180.

The Real Estate major DLF Ltds’ stock will be watched out as the CCI has approved Singapore’s sovereign wealth fund GIC’s proposal to acquire a stake in a rental arm of the company for 1.39 billion dollar.

ITC Limited has said that the company intends to invest Rs 10,000 cr to set up food processing facilities across the country and its looking to have around 20 such units pan India.

Hindalco Industries is looking to set up new factories in the US and China to cater to growing auto demand through overseas subsidiary Novelis.

Commodity, Gold, currency tips: COMEX Gold rose, Rupee hits near 3-week high

The Indian rupee today, 28 August 2017, strengthened past 63 marks to hit near three-week high against the US dollar, tracking gains in its Asian peers and local equity markets. The rupee gained 6.25% so far this year, while FII inflows hit USD 7.12 billion in equity markets and USD 19.50 billion in debt markets.

Crude oil futures were on higher side last day on extended buying support following an extremely weak undertone in the US dollar and steady cues from equities. The crude oil production recorded a gain of 0.3percen on the week at 9.53 mn bpd and there was an increase of 11.5 percent over the year.

Gold & Silver were trading higher in early trading on Monday due to buying in precious metals by jewelers. COMEX Gold rose Friday, 0.5%, to settle at USD 1,297.90 per ounce, the highest in two months extending weekly gains after downbeat economic data. MCX Gold closed around Rs 29160 per 10 grams, up 0.22% on the day.